Apple will reduce international prices for future iPhones

During its earnings call yesterday, Apple revealed that its quarterly revenue for fiscal 2019’s Q1 (which ended on December 29, 2018) was down by 5 percent compared to a year ago, at just over $84 billion. It also shed light on why that happened: people bought fewer iPhones. About 15 percent fewer, to be precise. That might sound bad, but it’s worth noting that Apple still made nearly $52 billion from selling iPhones last year. It also highlights the fact that we may have reached a saturation point with iPhones for the time being. Plus, there might be a fix.…

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